Georgia officials announced that eligible foster children will automatically receive federally funded investment accounts under a new initiative aimed at providing financial support when they reach adulthood.
The accounts, known as “Trump Accounts,” were created through the One Big Beautiful Bill Act and provide a $1,000 contribution from the U.S. Treasury for children born between Jan. 1, 2025, and Dec. 31, 2028. Georgia officials said all eligible children in state foster care will be enrolled automatically.
The tax-advantaged accounts will track a stock index and become accessible when beneficiaries turn 18. The Georgia Department of Human Services and Division of Family & Children Services will work with federal officials, caregivers and community partners to oversee the accounts.
State officials said additional guidance on managing and protecting the accounts will be provided as the program is implemented.
